Tesla Leases $132M Fremont Factory

Real Estate News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 1m

Clarion Partners just dropped $132 million on a brand-new 267K sq ft manufacturing plant in Fremont—already leased by Tesla for AI and robot projects. Originally bought for $47M in 2021 by Hines and Oaktree, the site was transformed into a high-spec industrial hub with top-tier logistics and parking. Priced at $495/sq ft, it’s a major bet on Fremont’s rise as Silicon Valley’s manufacturing epicenter—where 75% of advanced manufacturing leases landed last year. With Tesla expanding its footprint and other firms like Sterling converting retail into production spaces, this deal signals big money…